Deep Yellow slumps after posting net loss of $7.78m in the half-year
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The news: Shares in Uranium explorer Deep Yellow tumbled in morning trade after the company reported a net loss before tax of $7.78 million for the six months ended 31 December 2025.
Shares fell 7.57% to $2.27 at 12:06pm AEDT.
The numbers: The net loss widened from $2.47 million in the prior corresponding period.
The company reported operating cash outflow increase of $2.55 million, from $103,000 a year ago, while revenue fell to $4 million from $6.92 million year-on-year.
Cash and cash equivalents ended the period at $187.2 million, down from $217.4 million at 1 July 2025. The company did not declare a dividend.
The context: Deep Yellow said the net loss incurred in the first-half was due to the exploration and impairment charges related its Namibian Project, where expenditure is not expected to recover due to ongoing legal proceedings, as well as costs associated with the relinquished Kingston project in Australia.
The source: ASX
